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The number of people who are considered to be long-term unemployed, defined as being jobless for 27 weeks or more, was little changed at 1.6 million in October and up from 1.3 million a year ago.
The current unemployment rate of 4.1 percent is still ... the number of Americans unemployed for 27 weeks or longer — those considered to be facing long-term joblessness — is now the highest ...
Kellogg Public-Private Initiative Executive Director & Former Chief Economist and Chief Economic Advisor to Vice President Joe Biden Ben Harris joins Yahoo Finance Live to discuss what to expect ...
A 2013 study by the Economic Policy Institute reveals that if a college-educated worker becomes unemployed they are as likely as any other worker—of whatever level of education—to get trapped ...
Long-term unemployment is a component of structural unemployment, which results in long-term unemployment existing in every social group, industry, occupation, and all levels of education. [23] In 2015 the European Commission published recommendations on how to reduce long-term unemployment. [24] These advised governments to:
States with highest, lowest long-term unemployment rates. Lowest long-term unemployment rates 1. South Dakota 2. Nebraska T-3. Alabama T-3. North Dakota T-3. Utah. Highest long-term unemployment ...
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Economists at the firm led by Jan Hatzius lowered their year-end 2021 unemployment rate forecast slightly to 4.1% on Monday. For 2022, Hatzius and his team projects a 3.5% unemployment rate.